Kenya’s capital city Nairobi was once the centre of attraction for real estate developers and aspiring home owners. Everyone wanted to own a home within Nairobi. As the migration from rural towns picked up, compounded by a rising city population, land prices and cost of mortgages skyrocketed. Today, the city is bursting at the seams thanks to a rapidly swelling population.
It is now the most populous county in Kenya with a population of 4,397,073 people as at the 2019 census data. The population has grown 40 per cent in the last 10 years from 3,138,369 in 2009. Nairobi’s landmass is 703.9 square kilometres, meaning about 6,247 people occupy a square kilometre. This congestion has seen city residents leaving to settle away from the hustle and bustle of the metropolis.
For many investors, property investment in the satellite towns of Nairobi is a gold mine with a much higher return on investment and a quicker appreciation rate as compared to other top selling towns. Towns like Kitengela, Juja, Ruaka, Rongai have showcased the best of real estate value in Kenya today.
The rising demand has seen numerous developers come up with multiple deals, making it hard for novice investors to separate wheat from chaff. “It is easy to now get scammed because the demand is high,” says Veronicah Njoroge, a prospective investor who has been holding back from investing due to fear. She says that her brother is a victim after losing his money while buying a plot in Kitengela.
But there are ways you can avoid getting conned. The most important is to invest with a reputable developer who has a proven track record. In our case study, we sampled Lesedi Developers, a fast rising real estate developer in Nairobi. This developer is currently setting up a major real estate development along the Thika Superhighway. The project dubbed Adams Park Estate covers an expansive 27 Acres of controlled development for residential purposes. “This is a gated community estate located in Juja, Next to Ndarugu Motel, touching the Thika Super Highway,” says Lesedi Developers in a statement.
The estate will be divided into two phases, Phase I and Phase II. Phase 1 will be subdivided into eighth and 40X80 plots with customers allowed to develop either bungalows or mansionettes within their properties. Phase II is being developed with 3 bedroom bungalows for sale.
Plots in Phase I of this project have the following features:
Plots in Phase II of this project have the following features:
Phase I is selling at Sh. 2 million for a 40*80 and Sh. 2.7 for a 50*100. Phase II is selling at Sh. 7.85 for a 50*100. Both phases have flexible payment plans with the option of paying a deposit and settling the balance in installments.
You can book a site visit to Adams Park Estate by CLICKING HERE!